Comment Text:
i0-001
COMMENT
CL-04372
From:
Sent:
To:
Subject:
Dan Schindler
Thursday, January 28, 2010 2:48 PM
secretary
Regulation of Retail Forex
To Whom It May Concern:
I am writing to voice my objection to the CFTC's proposal to change the maximum retail Forex leverage from
100:1 to 10:1 for several reasons:
1 .) As an active Forex and futures trader, I understand the risks of leverage and am willing to take those risks
using good money management.
2.) It would cause irreparable harm to the U.S. retail Forex business as a mass exodus of U.S.-based accounts
would leave for higher leverage available outside the U.S.
3.) It would force many U.S. traders to wire large deposits to overseas accounts which are not under NFA or
CFTC supervision. This is undesirable no matter how stellar the reputation of the foreign company.
Please consider these factors when making your decision.
Regards,
Dan Schindler
V.P.- KDM Trading, Inc.
